Imperial Palace Foundation Dramatic
- Assets
- $1.0m
- Revenue
- $37.9k
- Investments
- $1.0m
- Employees
- 0
- Location
- Marion, IN
- Founding
- 06/1944
- Data as of
- 12/2022
- EIN
- 52-0620506
Organization Overview
Imperial Palace Foundation Dramatic is located in Marion, IN. The organization was established in 1944. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imperial Palace Foundation Dramatic is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Imperial Palace Foundation Dramatic generated $37.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $139.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION GRANTS TO INDIVIDUALS - SCHOLARSHIPS
AMOUNT EXPENDED TO FACILITATE LOANS, GRANTS, AND HUMANITARIAN BENEFITS
INTEREST FREE STUDENT LOANS.
ADMINISTRATIVE MANAGEMENT OF STUDENT LOAND AND SCHOLARSHIP APPLICATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Huber Chairman | 1 | $0 | |
Dr Kenneth P Moder Secretary | 1 | $38,400 | |
Martin Koehler Treasurer | 1 | $38,400 | |
Butch Gantt Director | 1 | $0 | |
Stfulcher Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23 |
| Interest on Savings | $38 |
| Dividends & Interest | $40,173 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,333 |
| Capital Gain Net Income | $4,572 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41 |
| Total Revenue | $37,942 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $76,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $5,875 |
| Interest | $0 |
| Taxes | $875 |
| Depreciation | $0 |
| Occupancy | $7,200 |
| Travel, conferences, and meetings | $864 |
| Printing and publications | $0 |
| Other expenses | $16,519 |
| Total operating and administrative expenses | $113,079 |
| Contributions, gifts, grants paid | $26,000 |
| Total expenses and disbursements | $139,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,881 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $2,229 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,022,116 |
| Accounts payable and accrued expenses | $2,223 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,223 |
Grants Awarded
Over the last fiscal year, Imperial Palace Foundation Dramatic has awarded $26,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERISTY OF CHAPEL HILL PURPOSE: SCHOLARSHIP | $2,000 |
PATRICK HENRY COLLEGE PURPOSE: SCHOLARSHIP | $2,000 |
INDIANA UNIVERSITY PURPOSE: SCHOLARSHIP | $2,000 |
WILLIAM PATTERSON UNIVERSITY PURPOSE: SCHOLARSHIP | $2,000 |
APPLACHIAN STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $2,000 |
NC CHAPEL HILL PURPOSE: SCHOLARSHIP | $2,000 |